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You are the owner of a large-scale farm in Canada determining where you should source the corn to feed your livestock. The price of a
You are the owner of a large-scale farm in Canada determining where you should source the corn to feed your livestock. The price of a metric ton of corn grown in Canada is 200 Canadian dollars. The price of a metric ton of corn grown in Mexico is 5,900 Mexican pesos. The nominal exchange rate is 19 pesos per Canadian dollar. The real exchange rate is _____, and you buy your corn from _____
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